Gold price down Up to 300 U.S. Dollars

Written By Reva on Senin, 29 Agustus 2011 | 02.14

gold price down Up to 300 U.S. Dollars
Gold seems to be trading at a higher price in the next few days, but it will come down on weekends. Some even estimate the price of gold will drop to 300 dollars before going uphill again.

Analysts at MF Global said, "We have a mixed opinion about the gold market this week. We think there will be a form of A is going to happen." A form is the price rises then dropped dramatically.

MF Global estimates that the market will still be able to try out resten point in 1946 U.S. dollars per troy ounce (31.1 grams). The market will require a very extraordinary event to reach above that level.

Speech Central Bank Governor Ben Bernanke on steps to improve the economy central banks will be expected. If Bernanke does not announce the existence of quantitative easing 3, which is the central bank move to buy bank assets to stimulate the economy, gold prices are expected to decrease.

Managing Director of American Precious Metals Advisors Jeffrey Nichols said gold prices could fall up to $ 300 before starting up again. Although long-term price increases will continue in the months and years ahead.
"Once that happens, the stock market slumped despite gold prices will not rise too fast," he estimates.

"Poaching is a response to the recent gold rational because of uncertainty and fear that the U.S. and European economies will fall dramatically, as well as the global financial markets will be increasingly volatile," he added.
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